Deutsche Bank AG Sells 13,705 Shares of Science Applications International Co. (NYSE:SAIC)

Deutsche Bank AG lessened its stake in shares of Science Applications International Co. (NYSE:SAIC) by 20.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 52,200 shares of the information technology services provider’s stock after selling 13,705 shares during the period. Deutsche Bank AG owned 0.11% of Science Applications International worth $5,835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAIC. Cornerstone Planning Group LLC bought a new position in shares of Science Applications International during the 4th quarter valued at approximately $28,000. Kapitalo Investimentos Ltda bought a new position in shares of Science Applications International in the fourth quarter worth approximately $58,000. Jones Financial Companies Lllp boosted its position in shares of Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 156 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Science Applications International by 33.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock worth $75,000 after purchasing an additional 167 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Science Applications International during the 4th quarter valued at $77,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

SAIC has been the subject of several recent analyst reports. Truist Financial dropped their target price on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their price objective on Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. UBS Group boosted their price target on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, March 18th. Finally, Jefferies Financial Group increased their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the company a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and a consensus target price of $131.20.

Insider Buying and Selling at Science Applications International

In other news, Director Carolyn B. Handlon purchased 230 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average cost of $109.93 per share, for a total transaction of $25,283.90. Following the acquisition, the director now owns 4,032 shares of the company’s stock, valued at approximately $443,237.76. This trade represents a 6.05% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John K. Tien, Jr. acquired 215 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average cost of $116.50 per share, with a total value of $25,047.50. Following the purchase, the director now owns 919 shares of the company’s stock, valued at $107,063.50. The trade was a 30.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 3,260 shares of company stock worth $365,037 over the last ninety days. Company insiders own 0.44% of the company’s stock.

Science Applications International Stock Up 1.2%

NYSE SAIC opened at $123.41 on Monday. The stock has a 50 day moving average price of $115.07 and a 200-day moving average price of $115.35. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $5.89 billion, a P/E ratio of 20.81 and a beta of 0.55.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. Science Applications International’s revenue was up 5.8% on a year-over-year basis. As a group, equities analysts predict that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.20%. Science Applications International’s payout ratio is currently 20.58%.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.